Lalique Group Announces Preliminary 2023 Financial Year Figures

Lalique Group SA, renowned for the creation, development, marketing, and global distribution of luxury goods, disclosed its preliminary, unaudited financial metrics for the 2023 year today. The Zurich-based entity noted an approximate 5% increase in operating revenue, reaching around EUR 179.2 million. Its Earnings Before Interest and Taxes (EBIT) were reported at about EUR 7.0 million, marking an EBIT margin close to 3.9%.

The 2023 fiscal year saw Lalique Group experiencing solid sales growth across all business segments despite facing challenging market conditions and production hurdles, especially in the first semester. The group's year-on-year operational revenue escalation of about 6%, excluding the exceptional income of EUR 1.7 million reported in 2022, signals a modest recovery, although it fell slightly short of the forecasted sales growth following the post-pandemic surge in 2022.

Efforts to counterbalance inflation and elevated energy expenditures through product price adjustments were only partly successful. The Group undertook significant investments in workforce expansion and marketing efforts, with personnel costs surging by roughly 12% to about EUR 46.9 million. Other operating expenses saw a rise of around 16%, totaling approximately EUR 32.3 million. Nevertheless, depreciation and amortization costs dipped by 13% to approximately EUR 13.6 million compared to the previous year.

Looking ahead, Lalique Group has scheduled to release its finalized, audited numbers for the 2023 financial year and provide an outlook for 2024 on 17 April 2024.